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Still sunny, but clouds are brewing

Posted on 28 January 2015 in 2015, CurrentFeatures, Features, Global and Regional Markets, January/February, The Offshore Frontier

The Asia Pacific is as vast as it is diverse. With huge gas projects in Australia, a focus on maximizing domestic resources in Indonesia and Malaysia, and new bidding rounds announced in Myanmar, Thailand and the Philippines, the region’s long-term outlook is strong…

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US EIA: Lower 48 oil production outlook stable despite expected rig count reduction

Posted on 27 January 2015 in Global and Regional Markets, News

The sharp decline in oil prices over Q4 2014, which has continued in January, is already having a significant effect on drilling activity in the US, according…

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Hess announces 2015 capital, exploratory budget

Posted on 27 January 2015 in News, The Offshore Frontier

Hess Corp announced a 2015 capital and exploratory budget of $4.7 billion, a 16% reduction from its 2014 actual spend of $5.6 billion. Of this, $2.1 billion (45%) is budgeted for unconventional shale resources…

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Market slump must not derail industry’s progress on people, training

Posted on 27 January 2015 in 2015, CurrentFeatures, Features, IADC: Global Leadership, Global Challenges, January/February

As the drilling industry heads into a global slowdown, it seems almost inevitable that companies will shift their attention to cost reduction and away from people and training…

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Drilling & Completions Tech Digest

Posted on 26 January 2015 in 2015, Innovating While Drilling, January/February

BP has begun operating the world’s first robotic core-flooding system. The Core Flood Robot is the most recent addition to the operator’s program of enhanced oil recovery…

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From the chairman: People, safety, policy/government among multitude of IADC focal areas for 2015

Posted on 26 January 2015 in 2015, IADC: Global Leadership, Global Challenges, January/February

By Ed Jacob, 2015 IADC Chairman In 1940, a dozen men gathered around a table in Chicago to form the American Association of Oilwell Drilling Contractors, to bring together and represent drilling contractors. Much has changed in the following 75 years. Technical innovations have allowed us to drill in geographies once thought impossible to access, […]

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Young professionals program at SPE/IADC Drilling Conference to target future leaders of the industry

Posted on 26 January 2015 in IADC/SPE Drilling Conference, News

The oil and gas industry is constantly looking to the future. Whether this comes in the form of pushing the limits of pressure…

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Tullow Oil moves ahead with exploration, appraisal drilling onshore Kenya

Posted on 22 January 2015 in Completing the Well, Global and Regional Markets, News

Tullow Oil has announced updates on several onshore projects in Kenya, including the Expir-1 exploration, Engomo-1 exploration, the Ngamia and Amosing…

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Petrobras reduces operating costs, time with new pre-salt subsea equipment deployment technique

Posted on 22 January 2015 in News, The Offshore Frontier

At the end of last year, Petrobras deployed its first wet Christmas tree using cables in the pre-salt area. The main change involved was the use of a subsea equipment…

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XACT, BP complete first deepwater deployment of SandSentry Acoustic Telemetry Network in Gulf of Mexico

Posted on 22 January 2015 in News, The Offshore Frontier

XACT Downhole Telemetry, in conjunction with BP, recently completed the first operational field trial of the SandSentry Acoustic Telemetry Network in the deepwater Gulf of Mexico…

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